Euro zone inflation eases to 2.5% as core print misses estimate
Headline inflation in the euro area dipped to 2.5% in June, the European Union's statistics agency said Tuesday, while the closely watched core and services prints held steady.
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Headline inflation in the euro area dipped to 2.5% in June, the European Union's statistics agency said Tuesday, while the closely watched core and services prints held steady.
Volkswagen shares dipped Wednesday after the company issued an overnight profit warning and announced it was considering the potential closure of an Audi plant in Brussels.
FRANKFURT, Germany (AP) — The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing’s burgeoning exports of green technology to the 27-nation bloc.
The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing fresh warnings that it may have to raise prices as a result.
After more than 26 months of devastating combat, earlier expectations of a decisive Russian victory have given way to the reality of a grinding war of attrition in Ukraine.
Ukraine has firmly ruled out any compromises in its war with Russia, according to a senior aide to President Volodymyr Zelensky.
LONDON -- The Labour Party's primary focus after its landslide win in the U.K. general election on Thursday will be to fix a cost-of-living crisis and failing social services, but it will also quickly be tested on foreign policy in a rapidly deteriorating geopolitical climate.